Profitable growth won’t be easier in 2017

There is an expectation that achieving profitable growth in insurance and reinsurance in 2017 is not going to be any easy, as ideas that pricing is near to the bottom of the cycle are unlikely to translate into better profits or more growth opportunities without an innovative approach.

It’s clear that profitability has declined in the insurance and reinsurance market and the higher catastrophe losses witnessed in 2016 have helped to erode a little of the comfort buffer that some companies had been operating with.